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17 Oct

Turkish HRC market remains subdued, cuts deepen

Turkish hot rolled coil producers remain under pressure to increase prices amid higher costs, but their attempts remain unsuccessful amid much-lower-priced imports and uncertainty curbing demand in domestic and export markets, Kallanish observes. In order to break-even, Turkish mills need to sell at or above $700/tonne ex-works, which mills attempted for the past two weeks. Offers at $700-730/t ex-works have been tabled, but buyers' demand is at much…
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